Faced with empty, once-bustling rooms and the high costs needed to keep up with a large home, a growing number of older adults are finding retirement rental homes a better option.
Let's find out how renting is helping 55-plus active adults downsize, combining freedom, flexibility and community.
Unlock financial freedom
Stepping into retirement often means re-evaluating financial strategies. For many, the appeal of renting becomes evident when weighing the costs of homeownership. This sentiment isn't limited to adults 55 or older; it resonates with a wide range of homeowners who are feeling the financial pinch.
In fact, a striking 78% of homeowners, as surveyed in the 2022 Hippo Housepower Report, have expressed regrets about their home purchase within the last year, with nearly half finding it more costly than anticipated.
This added context paves the way for the advantages of being retired and renting. Think about it: no more property taxes, no unexpected repair bills and no large sums tied up in home equity.
Say goodbye to home maintenance
The demands of keeping a house in top condition, especially for single-family homes built pre-2010, can be substantial, averaging around $9,240 annually in maintenance costs. These tasks are not just financially straining but can also be physically taxing.
Embracing freedom in retirement means saying farewell to the never-ending cycle of home maintenance. Trading in your weekends of gutter cleaning and fence painting for leisurely brunches with friends or swapping out fixing leaky faucets for fun photography classes.
In senior rental homes, the repairs, the seasonal upkeep and the routine maintenance all are taken care of by on-site maintenance teams or management, leaving you with more time and resources to indulge in what truly brings you joy.
Socialize, connect and thrive
Retirement is an era for enrichment and connection, a concept embodied by communities like Mulberry Farms. These rental communities are crafted with social engagement as a central focus, offering a rich tapestry of activities and learning opportunities.
Imagine starting your day with coffee on the porch with friends or enjoying a vibrant event calendar filled with car shows, bingo, bunko and educational workshops. These gateways to forging genuine friendships can be just a few steps away from your rental home’s front door at a 55+ community.
Maximize your freedom to relocate
Life is ever-changing, and so are your needs and desires. The flexibility to move when the heart or life circumstances call for it is another significant advantage of being retired and renting. Whether you want to be closer to family, enjoy a different climate or experience a new environment, renting offers the freedom to relocate without the complex process of selling a home.
Embrace life-long learning
Renting in a 55+ community brings you into a world of life-long learning and connects you with like-minded neighbors eager to learn alongside you, something you might not find in typical homeownership.
In these communities, you're right at the heart of educational activities like art workshops, tech classes, guest speaker events and outings to arts, culture and entertainment venues, all designed to enhance your skills, encourage social connections and explore the local cultural scene.
This enriching setting shows that retirement isn't about stopping your learning journey. Instead, it's a chance to keep growing, trying new things and facing challenges with excitement.
Find the flexibility you need for the years ahead at Mulberry Farms
At Mulberry Farms, we make renting a breeze without compromising the comfortability of your space, offering single-story, detached rental homes in the Prescott Valley area that are redefining what your golden years should look like.
You can park in your own driveway or garage, store your Christmas tree, enjoy the company of a pet or two and even barbecue in your own private backyard. Our premium amenities offer a richer living experience, free from the burdens of homeownership and the constraints found in senior garden apartments.
Schedule a tour of Mulberry Farms today.
